Northern Trust Morningstar US Market Factor Tilt ETF
$282.31+0.27 (+0.10%)
- 0.26%
- $2.2B
- +20.6%
- 1.06%
- 0M sh
- $282.22
- low $234.94high $287.68
The ETF.net TILT Grade
A
Score 72 out of 100
- 18 of 99
Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B65 out of 100Rank 33 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 39 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 20 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 50 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 17 of 99
Our read on TILT
AMost factor funds cut the market down to a few hundred names. TILT keeps nearly all of it, roughly 1,900 US stocks, and just leans the weights toward small-cap and value. A total-market core with a thumb on the scale, running since 2011.
The Fund seeks results that generally correspond, before fees and expenses, to the price and yield performance of the Morningstar U.S. Market Factor Tilt Index.
Why people hold it
- The tilt sits on top of the whole market, not a slice of it: the index covers the stocks making up the top 99.5% of US market cap, then overweights small-cap and value names versus a plain cap-weighted portfolio.flexshares.comsec.gov
- Cheap for the category: 0.26% a year, under the median US multifactor ETF. You are paying single-digit basis points over a plain index fund for the size and value lean.
- Same Morningstar U.S. Market Factor Tilt Index since the 2011 launch, and it stays glued to it. No strategy drift, no quiet methodology swap. One of the more faithful implementations in its peer group.
- Built to be boring under the hood: the index rebalances quarterly within market-weighted quadrants for lower turnover, and the adviser also states it seeks to minimize turnover and tax inefficiency.indexes.morningstar.comsec.gov
Worth knowing
- The tilt is mild by design. Filings describe small-cap and value stocks as weighted slightly more than cap weight, so this tracks the total market more closely than a dedicated small-value fund.sec.gov
- It trades thin next to the household-name index funds in its group. Limit orders and steering clear of the open and close are the usual habits with funds like this.
- Cheap is not cheapest. Straight cap-weighted value peers such as VONV (0.06%) and VYM (0.04%) charge a fraction of the fee, with simpler mandates and no size tilt.
TILT Holdings
- Stocks
- 1,908
- 27%
- NVDA
Geography
- United States97.20%
- Ireland1.01%
- Bermuda0.53%
- United Kingdom0.40%
- Switzerland0.33%
- Puerto Rico0.17%
- Uruguay0.09%
- Sweden0.06%
- 0.21%
TILT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
TILT$12,065
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TILT |
|---|---|
| Year to date | +14.3% |
| 1 month | +0.5% |
| 3 months | +1.8% |
| 1 year | +20.6% |
| 3 years | +21.5% |
| 5 years | +12.0% |
| 10 years | +13.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TILT |
|---|---|---|
| 2026 YTD | +14.3% | |
| 2025 | +16.6% | |
| 2024 | +19.9% | |
| 2023 | +24.7% | |
| 2022 | −17.2% | |
| 2021 | +27.6% | |
| 2020 | +16.1% |
TILT in the news
TILT Dividends
- 1.06%
- $2.99
- $0.74 per share
- Quarterly
Distribution history
TILT Risk
- 13.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.19
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TILT Cost
0.26%
TILT0.26%
- The middle half of US Multifactor funds
- Median 0.30%
35 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
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- AONEOState Street SPDR Russell 1000 Momentum Focus ETFExpense ratio 0.20%1 year return +23.0%
- ADEUSXtrackers Russell US Multifactor ETFExpense ratio 0.17%1 year return +16.5%
- AFLQLFranklin U.S. Large Cap Multifactor Index ETFExpense ratio 0.15%1 year return +21.3%
- AOMFLInvesco Russell 1000 Dynamic Multifactor ETFExpense ratio 0.29%1 year return +22.3%